 Why do we single out the rich with taxes, why not the poor too? |
| Think about, something many of you may not be aware of. You could be a single parent, living at home with your parents (as so often the case is). Not work all year (i.e. not pay taxes). and Still ... |
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 Was the Economic Stimulus rebate check we received last summer an advance on this years taxes? |
| When I was doing my research about this last year it said it was NOT an advance and you would not have to claim it on your taxes. However, today when I was reading about how to prepare to get your ... |
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 New kind of tax idea...? |
I've heard that, in the United States, the richest 10% of the population controls 90% of the wealth. (or something like that)
So...how about they pay 90% of the taxes?... |
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 I've just moved from Ireland to take a job in VIrgina...what moving expenses can I get? |
| Hi...I moved from Ireland to take a job in Virginia. My employer said they would pay up to $2500 moving expenses. I kept all my receipts but am wondering which ones to submit. The company gave me a ... |
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 How do i determin the fair mkt value of my Moms home in Mar 1995 to close out her estate.? |
| Dad died in 3/95, Mom in 3/06. Need to do final iRS. How best to determin FMV at time of Dad"s death?... |
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 How can I qualify for earned income credit if I am married? |
| I have received earned income credit for my son every year. I will be getting married soon. Our combined income is above the maximum allowed. Can I use "married filing seperately" and be ... |
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 Tax services, please help? |
I previously asked the question "what is the earliest I can file taxes?" The responses were Jan. 16th and later BUT THAT ISN'T TRUE.
- My God brother and I went to Jackson a ... |
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 Free tax advice? |
| I am in debt to my father for a large sum of money that he has loaned me over the years.I know he never expected it back,but he has fallen on very hard times and is in "dire straights" to ... |
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 If I was unemployed and really didnt make any income can I still get a stimulas check. I didnt file for 2007? |
| or 2008 by the way Im a full-time student my friend said I could but I just want to make sure I know the deadline is the 15 of October.... |
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 In the uk, why is there a system that when you start a new job you get paid in arrears.? |
I can understand that you need to do the hours first so they can tot them up and then get paid but there really is no need for it is there?
Additional Details
No you absolute spanners!! I... |
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 I am turning 19 in February, I got married on January 2, 2007, and moved soon after to another state.? |
| I moved with my husband who is in the military. Right now I am working full time. And during the fall 2007 semester I will start going to college full time. My parents don't know that I am ... |
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 My W-2 form? |
| I just got my w-2 form now I don't know what to do with it, How do I get my income tax and how do I know what I got, I don't even know how to start the whole process of getting my income ... |
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 Hi im 22 no kids and I wanna know how long does it take to get section8, wht is the estimated wait time? |
| Because, I first mailed it in feb 08, and they sent it back to me just recently this month in july 08..because I forgot to fill in some information..and that's crazy it took them 4 months just ... |
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 Recently got laid off from a part time temporary position. Am I eligible for severance pay? ? |
| I get paid hourly with no benefits or any kind or pay vacations or sick leave of any sort. Do I still get severance pay? Or are severances usually only for full-time positions with benefits and all?... |
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 Do you need to own your home 2yrs or 5yrs to qualify for tax-free capital gains? |
| My dad sold his home after living there for 20+ years and bought a condo. 6 months later he sold that condo and bought a bigger condo for slightly more money (no capital gains at all with that sale).... |
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Don | Rebate checks: The last time this happened, it was deducted from our tax returns. It is the same scam? |
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Richard M
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While the rebate depends on your 2007 income, it is actually a rebate toward your 2008 taxes. According to the bill, in 2008, taxes would be cut from 10 percent to zero percent on the first $6,000 dollars of taxable income for individual taxpayers.
It's like a one time tax cut for 2008, but you get the rebate now instead of waiting to file your 2008 taxes. |
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Michael R
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Nope, It's truly no strings attached money. |
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MartyPlan
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This time is different. They are giving us back OUR money without further implications. |
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Judy1
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For 2008 there will be a tax cut - the rebate is an advanced payment of that. If you get the rebate now, you won't get extra money next year from the tax cut. |
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v b
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In 2001, the government reduced the 15% tax bracket to 10% and sent the money out early. Then when you did your taxes, you filled out a worksheet that calculated the difference between the old and new tax rates for the income you ACTUALLY had in 2008. You then subtracted out the advance check you received. if the amount remaining was negative, you didn't do anything (as you'd already gotten that part of your refund the year before). If the amount was positive (meaning you deserved more than you'd gotten in the advance check), you got a credit to reduce the 2001 taxes by that amount. The worksheet for the stimulus will work the same way.
The problem was, the software packages! After you entered your W-2 info, the software promptly claimed you would get, say, $1600 in refund. Then it asked you if you'd gotten the advance check and if you said yes, dropped the refund by that amount. This convinced people that they were paying it back and built up a lot of animosity.
If you'd rather *not* get the rebate, simple take the check, cash it and send it back into the IRS. Label the new check with "2008 1040 ES payment" and it will be added to your refund in 2008. (You will be making an interest free loan to the government.) |
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ktlove
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they are giving you your 2008 money.
its in result of a 2008 tax cut, so you would have actually had seen that money in 2009 for your 2008 return (if you had one), but, now you will pretty much stay the same as you did in 2007 as long as you dont get a huge raise or adjust your dependents or anything. so, by the time 2010 comes and that extra money you would have seen for you 2009 refund will probably be nonexistant because the democrats are comming |
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phatkat_822008
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many people are stating that yes u will have to pay uncle SAM if u receive a check and then cash it.they also tell you that u can use it how ever u like.several people i know has sent the check back.two of my friends have ripped it up. |
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misskate12001
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http://money.cnn.com/2008/02/08/pf/taxes/rebates_what_you_need_to_know/index.htm?cnn=yes |
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